OFS Credit Company, Inc. (NASDAQ:OCCIN) Stock Short Interest Report for September

OFS Credit Company, Inc. (NASDAQ:OCCIN) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 19 shares. Based on an average daily volume of 4,111 shares, the days-to-cover ratio is presently 0.0 days.

OFS Credit Stock Performance

NASDAQ OCCIN traded down $0.06 during trading hours on Wednesday, hitting $24.94. The company had a trading volume of 2,301 shares, compared to its average volume of 3,150. The business has a 50 day moving average of $24.95 and a 200-day moving average of $24.82. OFS Credit has a 1-year low of $24.30 and a 1-year high of $26.00.

OFS Credit Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 15th will be given a dividend of $0.1094 per share. The ex-dividend date is Tuesday, December 15th. This represents a $1.31 dividend on an annualized basis and a dividend yield of 5.3%.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of OFS Credit in a report on Friday, September 11th. One research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company presently has an average rating of “Sell”.

About OFS Credit

OFS Credit Company, Inc is a closed-end investment company that seeks to generate income and, to a lesser extent, capital appreciation by investing primarily in collateralized loan obligations (CLOs). Its portfolio may include CLO equity securities and debt tranches, which are backed by diversified pools of primarily senior secured loans made to corporate borrowers.

The company’s investments generally provide exposure to the U.S. leveraged-loan market and may include securities issued by CLOs managed by a range of third-party investment managers.